Indian Stock market updates – Intraday Tips / Stock Tips
Intraday tips or Stock tips on Indian stock market. Read the article below to know how to choose intraday stock for trading and what are the basic rules for intraday trading in Indian share market. Some common topics are discussed below like intraday tips / stock tips on Indian stock markets.
Track Indian Share Market NSE Nifty Index Intraday Chart
Indian Stock Market For Today Updated For 08th November 2019.
Stock markets today witnessed profit booking from higher levels after global rating agency Moody`s Investors service change India`s outlook from “stable” to “negative”. Indian rupee also hit fresh 3 weeks low and bond prices also fell on Friday. Nomura Research also lowered its GDP growth projections to 4.9% from 5.7% in 2019 and to 6.0% from 6.9% for 2020. Indian finance ministry in reply to Moody`s outlook said that the fundamentals of the Indian economy remain robust with inflation under check and bond yields low.
Moody’s cut its outlook on 6 Indian company’s – EXIM India, HDFC Bank, HUDCO and State Bank of India to negative from stable. Outlook on BOI, Canara Bank, Syndicate Bank, and Union Bank maintained at stable.
Nifty 50 index fell 103 point and closed at 11908. Major gainers were ICICI Bank, Yes Bank and Indusind Bank. And major looser were GAIL, Sun Pharma and Bharti Infratel.
Raymond to demerge core lifestyle business
Raymond Ltd today announced that company is going to demerger its lifestyle business into a separate entity that will be listed through a mirror shareholding structure. Every shareholder of Raymond Ltd. will be issued shares of the new company in the ratio of 1:1.
This new company will have business like branded textiles, apparel and garment. While existing company will be in to real estate projects. After this news share price of Raymonds Ltd today closed at upper circuit of 20% at Rs. 808 at National Stock Exchange of India. The company had received around Rs 700 crore through the land sale. Raymond will use Rs. 350 crore to repay its debt. Currently, the company’s net debt stands at Rs 2,777 crore.
Currently Raymonds has over 1500 stores in more than 600 towns and cities.
Indian Stock Market For Today Updated For 04th November 2019.
Nifty today opened higher by +52.40 points or 0.44%. Major gainers so far are Tata Steel, Vedanta, Indusind Bank and major looser so far are Yes Bank, Tata Motors, M&M.
HDFC Q2 results today: Double digit growth and net interest income likely.
HDFC Ltd is going to announce its Q2 number today on 04th November 2019. Share price of HDFC Ltd currenlty at 10:55 am trading around 2141.05 up by Rs. 5.45 or 0.30% at National stock exchange of India. Market is expecting that HDFC is likely to report healthy earning growth due to dividend from HDFC Bank (870 crore) and stake sale in GRUH Finance (Rs. 1630 crore). But loss in its investment in RBL Bank may limit its profit growth.
Brokerage expecting profit growth at 54% and net interest income and loan growth could remain in double digit. Also HDFC Ltd. has acquired a 9.89 % stake in Bandhan Bank as part of the scheme of merger. According to Bandhan Bank’s regulatory filing, around Rs. 15.93 crore shares of the bank were transferred to HDFC Ltd.
BEML down 3% on bad Q2 numbers
Share price of BEML today down by 3% at Rs. 1016 fall of -30 points after company posted its Q2 numbers for Quarter ended September. BEML is in to construction and metro train product manufacturer and posted a net loss of Rs. 27.2 crore vs Rs. 16.6 crore profit last year same financial year because of -ve inventory. Consolidated revenue decline by 6.4% to Rs. 687.1 crore .
Last month share price of BEML rose by 10% and hits its fresh 52 weeks high of news on stake sale buzz. Government currently have 54.03 % stake and may soon issue expression of interest for 26% stake sale in BEML. Also BEML bagged order worth Rs. 729 crore from Delhi Metro Rail Corporation. The order is for “RS15” design, manufacture, supply, testing and commissioning of 80 broad-gauge intermediate cars compatible with the existing “RS1” type trains for conversion of six-car train set to eight-car train.
Indian Stock Market News Updated For 01st November 2019.
Share market on Friday closed with a positive note sixth straight session. Major gainers were Indusind Bank (+5.01%), HDFC Bank (+1.03%), Axis Bank (+1.77%) and Tata Steel (+4.18%). Major looser were TCS (-2.76%), Larsen & Toubro (-1.61%), Reliance Inds (-0.56%), Asian Paints (-2.19%) & Mahindra & Mahindra (-2.71%). In the last six trading sessions Sensex increased 2.9% and Nifty 2.65%. On Friday Sexnsex closed 40165 and Nifty 11890. Zee Entertainment was top gainer in Nifty50 rose by 18% and stock closed at Rs .308.70. Some other gainers were Bharti Infratel, Hindalco, Bajaj Finserv and Vendanta. The overall market breadth was positive as 1,429 shares closed higher while 1,164 ended lower on the BSE.
Bank Of India posted Rs 266 crore for quarter ending September 30.
State owned Bank Of India on Friday reported its Q2 number and bank posted net profit of Rs. 266.37 vs loss of Rs. 1156.25 last quarter same year due to decline in provisions of bad loans and expansion in interest margins. Total income rose to Rs. 11985.50 crore. Share price of BOI on Friday 01st November closed 0.71% down at Rs. 71 at BSE.
Indusind Bank share price up 5% after bank has finalized potential successor to Sobti
Bank has finalized a candidate to replace Romesh Sobti as a new CEO of Indusind Bank. The bank had met on 30th October 2019 and finalized the name and has send it to RBI for approval. Sobti is going to retire on March 2020 when he turns 70 after serving for 12 years. Bank has not names its successor. The current head of retail banking Sumant Kathpalia is considered the front runner for the role.
After this news share price of Indusind Bank gained as much as 5% at National Stock Exchange of India. Stock closed Rs. 1379 up by Rs. 65.80.
Indian Stock Market News Updated For 31st October 2019.
Hero Motocorp reports 18% drop in October sales.
Two Wheeler market leader Hero Motocorp reported 18.43% decline in its sales. Total number of unit sold were 5,99,248 vs 7,34,668 same moth last year. Hero Motocorp is the world largest two wheeler manufacture by volume, its Haridwar plant production has crossed 2.5 crore unit and it has set a new manufacturing milestone. It has a production capacity of 9,500 units per day.
In earlier news this month 24th October 2019 has closed down one of its two fully-owned subsidiaries in the United States even before launching any of its products in that market. Company has also announced that it is going to miss 2020 auto expo in New Delhi. They said it is going to focus both financially and in term of manpower to meet the BS6 deadline in April 2020.
Auto Expo is going to start on 07th February up to 12th February 2020. It is the largest biennial auto event to take place in India and India`s major automakers takes participation and showcasing their top products, concepts and technologies.
Yes Bank share rallies 39% on binding offer of $1.2 billion from global investor.
Today on 31st October 2019 share price of Yes Bank rallied as much as 39% after the bank informed the exchanges that it had received a binding offer of $1.2 billion from a global investor through fresh issuance of equity shares, subject to regulatory, board and shareholders approvals. Stock closed at Rs. 70.45 on the Bombay Stock Exchange Of India up 24.3%.
Earlier this month bank talked about capital raising plan. From October 01st 2019 Yes Bank made a low of Rs.29 and from lows stock has rallied 171%. As per rules laid down by the RBI any acquisition of shareholding or voting rights of 5% or more would be subject to obtaining prior approval from the regulator. In case of financial institutions, the shareholding has been capped at 10 percent.
Yes Bank has also come out with its Q2 results on November 01, 2019. And bank has posted a loss of Rs.600.08 crore. Last year same quarter bank reported a net profit of Rs. 964.70 crore. Share price on Friday closed at Rs. 66.10 down by 6.11% at Rs. -4.30 and National Stock Exchange of India.
Tata Global Beverages Hit New 52 Weeks High after robust Q2 Number.
Share price of TATA Global today 31-10-2019 closed with a huge gain after company posted robust results. Share price of TATA Global today closed with a gain of Rs. 25.25 up by 8.65% at NSE closed at Rs. 317. Consolidated net profit jumped 45 per cent to Rs 160 crore on YoY basis. Revenue during quarter increased 4% to Rs. 1834 crore driven by improvements in both branded and non-branded business both India and international.
The total revenue from Tata Coffee and Vietnam unit recorded 18% growth, due to commencement of sales from Vietnam and higher sales in the Instant Coffee division.
The joint venture company Tata Starbucks clocked a 26 per cent growth in revenue for the quarter. It started in Gujrat in August with 10 stores now has 163 stores across 10 cities in India. Consumer connection score is all time high.
The merger of TATA Chem and TGBL is on schedule and after shareholders’ approval, is expected to achieve full closure by end of the current financial year. Company has an presence in over 40 countries and has an interest in tea, coffee and water and its number 2 player in branded tea in the world.
Ramco Cements Q2 net up 68% beat estimates.
Compnay came out with its Q2 results on Wednesday 30th October 2019 and its standalone profits jumped 68% at Rs.168.15 crore. Ramco Cements is a part of Ramco Group. Total sales for the quarter ending September was at Rs. 27.24 lakh tonnes as against Rs. 24.69 lakh tonnes registered year ago period. Company said that its exports grew by 39% during last six month period ending September 30, 2019. Share price of Ramco Cements rallied 35% in the last nine months and gained more than 7% in the last 15 days.
CLSA raised its target price to Rs. 1050 from Rs. 970 earlier. Company is also planning to add 45% to its capacity base. Emaky maintained a hold on Ramco and with a share price target at Rs. 819, 6% potential upside from current levels. The brokerage house has a hold rating on the stock with a target at Rs 780 due to expensive valuations and weaker margins.
Canara Bank up 2.5% in early trade following fund raising proposal
Stock in early trade rose as much as 2.5% at NSE it proposed to raise funds from the government. Canara Bank said that it planned to issue 276988576 equity shares at the issue price of Rs. 237.33 in respect of a preferential issue of shares to the government, the bank’s promoters. After this issue govt stake in bank will increase to 78.52% from 70.62%. Canara Bank is expected to post its Q2 number for September ended on November 06th.
Share price of Canara Bank at 10:21 am on 31-10-2019 trading around Rs 203.45 up by Rs. 3.40 rise of 1.65%. Stock opened Rs .201.10, High 204.20, Low 200.50. Total traded volumes till now 2788690. Stock 52 weeks high Rs. 302.10 and 52 weeks low 170.60.
SGX Nifty indicates +ve start for Indian stock Market after Fed cuts interest rates
The US Fed`s cuts interest rate for the third straight time on Wednesday but also indicates that halt for further cut in December 2019. They have lowered the interest rate by 25 base points to a target range of 1.5-1.7 as market were expecting. Global market reacted +vely after this move a SGX Nifty also indicating +ve start for Indian stocks. SGX Nifty indicating +ve start with an +44 points gain or 0.38%. Nifty Futures was trading around 11895 levels.
On 30th October 2019 Sensex closed above 40000 mark for the first time since June 4, Nifty closed above 11800 levels on Wednesday. Stay tune to our website for more news on Indian stock market, intraday tips and stock tips for stock listed on National Stock Exchange Of India.
Rupee also open higher today at 70.77 per dollar by 0.12 p vs Wednesday close 70.89. Oil prices fell for the fourth day on Wednesday after US inventories surprised investors. It has been a lackluster trading due to festival season and FOMC policy.
Indian Share Market Updates For 30th October 2019.
Indian Share Bazaar Nifty Ends Higher +57.25 pts At 11844.10.
Share market settled on a higher on Wednesday 30th October. Nifty rose as much as 97.1 points to 11883.95. Buying across sectors lead by PSU Bank and IT sector pushed the market higher. Review on key taxes such as Long Term Capital Gains, STT and Dividend Distribution Tax boost the market sentiments. Strong Q2 numbers by blue chip companies also boost market mood. GAIL was the top gainer in nifty index up by Rs. 7.95 rise of 6.32% and settled at Rs. 133.80 at National stock exchange of India. Some other gainers in Nifty 50 were SBI, TCS, ITC closing between 2% and 6% higher.
Two-phased strategic disinvestment for BPCL likely
Indian government may consider two-phased disinvestment for public sector oil refiner and retailer BPCL. Government has 53.29% stake in the company. Government has fear that no company including global majors may commit to invest close to Rs 1 lakh crore required to complete the transaction at one go. So government may sell half or around 26-27 % of its share first and consider complete exit from BPCL at a later stage when the valuation improves after the fund infusion by the strategic investor. Government has tried this method earlier during disinvestment of Hindustan Zinc Ltd and BALCO.
Government stake is worth around Rs. 60,000 crore. BPCL has four refineries at Mumbai, Kerala, Madhya Pradesh and in Assam. It has 15,078 petrol pumps and 6,004 LPG distributors.
Workers of HPCL and BPCL are against privatization and have decided to strike work on November 28, 2019. Nearly 12,000 permanent employees and 20,000 contract employees are currently employed by the BPCL.
SEBI may lower margin requirement in hedged trades in F&O segment.
On 16th October SEBI appointed Risk Management Review Committee and this group has proposed lower margin for hedged positions and status quo on unhedged derivative positions for both equity and currency. The idea behind this is this reduction is to bring margin on par with those levied by global exchanges. As per recent study margin on derivative trade in India are up to 500 times higher compared to global exchanges. Exchanges like Chicago, Singapore Stock Exchange, New York Stock Exchange, Hong Kong Stock Exchange and Australian Stock Exchange.
Hedged position consists of two opposing trades in the same security. This reduces risk, but at the same time also limits profits. If their is one leg of trade then the present rules will apply. However, some trading and clearing members are opposing the move to reduce margins since they earn interest on margins their clients deposit with them.
Besides margin India has the highest transaction charges in the world and these do not include the taxes one has to pay if they are profitable despite these restrictions.
CONCOR Posts Rs 332.71 crore net loss in September quarter.
Container Corporation Of India posted a net loss of Rs. 332.71 crore vs profit of Rs. 333.44 crore same quarter last year after it was denied a ₹861.05 crore benefit under a government scheme. Total income fell 5.14% to Rs 1800.45 crore in Q2 September 2019 over Q2 September 2018. The Indian Govt has started the process of privatization of Container Corporation Of India by selling 30% of its stake in the company to a strategic partner along with transfer of management control. The government currently holds 54.8% Container Corporation Of India.
CONCOR will also have to sell its stake in two key port terminal ahead of a planned privatisation of the state-owned rail hauler by the government to avoid complications associated with the deal.
INDIGO share price up 7% on Indian Stock Exchanges.
Inter Globe Aviation commonly known as INDIGO in NSE on 30th October 2019 closed 7.18% higher on exchanges at Rs. 1511 after company placing an order for 300 Airbus aircraft. Its largest so far and approx $300 billion to replace old planes and also to operate non stop flights such as London and Tokyo. The biggest order from Airbus from a single operator. Its a mix of A320neo, A321neo and A321XLR (Extra Long Range) aircraft. At present, the airline has a fleet of over 200 aircraft and offers close to 1,500 daily flights and connects 60 domestic and 23 international destinations
Indigo recently reported a net loss of Rs. 1062 crore in its Q2 numbers for September 2019 because of higher costs related to operating lease liabilities. Last year same quarter company reported net loss of Rs. 651.50 Crore.HDFC Securities has Buy call on Interglobe Aviation with a target price of Rs 1,610.
Petronet LNG rose 6% on NSE on robust Q2.
Share price of Petronet LNG gained nearly 7% in the early trade on October 30 after company had reported robust numbers for quarter ended in September. Net profit rose 96% to Rs. 1103.1 crore higher than Rs 572.89 crore net profit in the same period. Revenue was up 8.7% at Rs. 9361.1 crore against Rs. 8613.4 crore QoQ.
Morgan Stanley has overweight rating on the stock with a target at Rs 341 per share. Petronet said its board of directors declared special interim dividend of Rs 5.50 per equity share of the company for the financial year 2019-20.
The shares of the company closed 2.20 per cent higher at Rs 285.35 on BSE.
Latest Indian Stock Market News
Updated For 24th October 2019.
Highest Ever Quarterly Profits Posted By Indian Tobacco Company
ITC Q2 numbers for July-September 2019 beats market estimates. The company reported a rise in revenue in all segments. ITC posted 36.6% yoy profits at Rs. 4023.10 crore vs Rs. 2954.67 crore smae quarter last year. Revenue from operations rise 5.31% at Rs. 11871.47 crore from year ago period. The largest growth was seen in agri business. Market was expecting a profits of Rs. 3656 crore.
Company added profits of Rs. 166.16 crore due to recent cooperate tax cut. Cigarette revenue grew by 6% to Rs. 5326 crore vs Rs. 5026 crore same quarter last year. Revenue from ONGC increase 4% to Rs. 3288 crore. Revenue from agri segment grew 19% to Rs. 2647 crore. From hotel business 17% increase to Rs. 426 crore and paper and stationery grew to Rs. 1565 crore increase of 10%.
ITC is the largest cigarette maker based in Kolkata. Data from Bloomberg show that 34 of the 38 analysts tracking the stock have a ‘buy’ recommendation on it. As per price movement in stock exchanges ITC is still a dividend stock rather than a growth one. Visit this page daily for lastest news on Indian stock market.
Indian Stock Market News For Tomorrow
Updated For 14th October 2019.
ONGC Free To Sell Stake In HPCL
Oil Minister Dharmendra Pradhan said on 14th October 2019 that ONGC is free to sell stake in HPCL. Last year ONGC has bought government stake of 51.11% in HPCL. It is one of the most expensive acquisition ever. Company paid Rs. 36,915 to government. ONGC has appointed one director to that firm’s board.
The Supreme Court had in September 2003 ruled that BPCL and HPCL can be privatized only after Parliament amends a law it had previously passed to nationalise the two firms.
Also in other news, ONGC makes to new oil discoveries in Colombia, Brazil. Petrobras has 75% participating interest and ONGC owns 25%. ONGC Videsh has a significant presence in oil and gas sector of Brazil and Colombia and holds stakes in seven exploratory blocks.
Indian Stock Market News For Today
Updated For 10th October 2019.
Just Dial account of 156 million users breached via security flaw
In recent filing to he Bombay Stock Exchange of India Just Dial said that a unique and severe security flaw was discovered. This has been detected by detected by security researcher Ehraz Ahmed. According to them this flaw is present in Justdial’s Register API. The flaw allows a hacker to log in to any Just dial account and by entering the phone number in the username field. This gives the hacker access to any person’s Just dial account.
Ahmed has also shared a video demonstrating of the flaw. Luckily their was no loss of any data or financial loss reported by company Just Dial was founded in year 1996 by VSS Mani. It provides local search for different services in India over the phone and online. The company has its headquarters in Mumbai.
Read article below on Whats Is Intraday Tips / Stock Tips
Intraday tips or commonly known as stock tips is a method to provide investment strategies or tips to investors by SEBI registered investment advisers. In intraday trading tips traders or investors takes position during trading hours and have to exit before market gets closed, either they are in profit or loss.
By any chance trader failed to exit from intraday position then have to provide delivery of stock in case trader have short position or have to take delivery in case of having a buy position. To avoid such situation exchanges have provided a system in which exchanges will automatically square off positions 15 mins before market gets closed. To activate such feature traders have to mention auto square off features before initiating any trade.
Here are some point to keep in mind to do intraday trading using intraday trading tips.
Importance Of Intraday Traders In Today’s Market.
Intraday trader plays a very important role in stock market, it provided liquidity in stock market, thus keep the market running efficiently, you can find day traders in all of the exchanges- like, forex, commodity, derivatives, equity. Most of the times day traders are well educated and very well funded, Stock exchanges provide day traders special software to analyses market and that too equipped with latest indicators and features, which helps investors to make right decision. where to enter and exit and what stop loss to use.
Intraday Trading Tips
Intraday trading is riskier that investing in the regular stock market. For beginners it is important to understand such trading before you initiate such trade in exchanges. Intraday traders experience high volatility than long term investors. However with a right knowledge once can make good money quickly using day trading.
Trade Only In Liquid Stocks
As you know day trading trades involves buying and selling of shares on the very same day. So it is important to chooses stock which has high liquidity other wise it will be difficult to square off your position by end of day and you have to take delivery or stock will go for auction in exchanges. That is why one should avoid trading in mid cap or small cap stocks that may not have high liquidity.
Stock advisers also suggest that avoid investing in all your money in single stocks and its better to di-versifying your position. By this strategy one can minimize risk.
Always Trade With A Stop Loss
Its not always possible that stock does in a direction in which one has taken a position, if one has taken a buy position then stock may starts falling. So it is very important that once should do proper research and must find target and stop loss in case stock starts moving in adverse direction then better exit for once. By this way you can do some damage control.
For beginners it is ideal to adopt the basic 3:1 reward to risk ratio strategy. What this means is that the stop loss price — the price at which you are ready to exit if you are making losses — should be three times lower than the exit price — the price at which you are willing to book profit.
Must Book Profits On Target, Don`t Be Greedy.
Mostly investors loose money as they do not know when to book profits or if they know the target they do not book it as they become greedy. It is important to understand that making or loosing money is very easy in this market so once target reach grab the profits. But if you feel its a good reason to hold your positions for more profits then do some research and modify stop losses so that their woun`t be losses in your trades.
Visit link to see technical charts for stock listed on Indian Stock Markets.
Make Sure To Exit From All Intraday Positions On Time.
If you have open any trade with a mind of doing intraday trade then must exit it 10-15 mins before markets gets closed. Some intraday trades take the delivery of their buy position if stock did not move during trading hours. This type of trading is not good for intraday traders.
Choose Your Trading Stock Thoroughly
Once you have choose stock for intraday tips for today then it is important that you must see its corporate actions at Nse India website for information like acquisitions, mergers, bonus issues, stock splits, and dividend payments among others. All such actions are really useful for intraday trading and getting the technical levels for such stocks.
Timing for Best Intraday Tips
It is advisable that not to take intraday position on first one hour of trading as market is highly volatile and tying to find the direction for the day. For finding best intraday tips one needs to to see market very closely for first one hour. Many experts try to take intraday position between noon and 1 pm. As they feel that in long run such trades gives more profits.
How to Do Intraday Trades
They are two ways investors can do day trading one is offline and another in online. An Online trading is something you do trade yourself only without talking help from your broker. In this investor site in front of online trading terminal and punch order according the way he thinks and exit or use stop loss all by himself only.
On the other hand offline trade is something in which you call your broker via phone and tell him what you want to buy and tells him the quantity and price. and can later tell him the exit price or s.l accordingly.